Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.005%

Price spread now: Binance against Pacifica+0.070%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.195% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.070%, 7d avg +0.101%

Together, before fees+0.054%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.031% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XAU	4,321.2	0.0100	pay 0.0013% / 1h	14m 36s	$1.4M	$1.2M	10x
Short	Binance XAUUSDT	4,324.2	0.0101	get 0.0050% / 4h	1h 14m	$423.1M	$2.14B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee BinancebpOrdersPrice spread, now +0.070%Rate

Funding earned: $0.14
Price spread: +0.070% → +0.101%: −$3.15
Slippage, 4 orders: −$1.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.53
Costs to cover: 0.195%
Break-even: 1111.4 days

Slippage from Pacifica: live order book, 4 min ago; Binance: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 4 min ago	0.12 bp	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.01 bp	5.0 bp −$5	5.5 bp −$55	7.3 bp −$726	doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0065%	1h	4,317	−0.097%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,328.2	+0.162%	$92K	$7.6M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,319.3	−0.043%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0023%	4h	4,325	+0.088%	$77.3M	$154.4M	150x	as long as short
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.676%	$619	$54	52x	as long as short
StandX XAU-USD	+0.0040%	1h	4,323.4	+0.051%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,323.3	+0.049%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,356.3	+0.812%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,320.3	−0.021%	$291.6M	$51.3M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,320.8	−0.009%	$15.0M	$55.6M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XAUUSD1	+0.0063%	4h	4,326	+0.111%	$72.6M	$274.2M	20x	as long as short
Lighter XAU	+0.0064%	1h	4,323.5	+0.053%	$20.3M	$30.7M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,320.6	−0.014%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0078%	8h	4,324.1	+0.066%	$2K	$14K	5x	as long as short
Kalshi KXGOLDPERP	+0.0080%	24h	4,324.5	+0.076%	$3.8M	$43.9M	15x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,323.2	+0.047%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0094%	4h	4,322.5	+0.030%	$47.3M	$28.7M	—	as long as short
Phoenix GOLD	+0.0100%	1h	4,321.6	+0.009%	$47K	$79K	25x	as long as short
Pacifica XAUlong	+0.0100%	1h	4,321.2	long leg	$1.4M	$1.2M	10x
MEXC XAU_USDT	+0.0100%	4h	4,324.8	+0.083%	$373.9M	$333.3M	1000x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.6	−0.037%	$272K	$208K	50x	as long as short
Binance XAUUSDTshort	+0.0101%	4h	4,324.2	+0.070%	$423.1M	$2.14B	100x
Aevo XAU-PERP	+0.0104%	1h	4,322.8	+0.037%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0109%	4h	4,319.6	−0.037%	$30.1M	$60.1M	50x	as long as short
Lighter RH XAU	+0.0112%	1h	4,325.5	+0.098%	$20.0M	$39.4M	25x	as long as short
Gate XAU_USDT	+0.0118%	4h	4,326	+0.111%	$279.8M	$422.8M	100x	as long as short
Extended XAU-USD	+0.0128%	1h	4,320.8	−0.010%	$12.9M	$36.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0136%	1h	4,320.5	−0.016%	$32K	—	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.8	−0.008%	$578K	$146K	25x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,327.1	+0.137%	$4.1M	$12.8M	25x	as long as short
Bullet GOLD-USD	+0.0187%	1h	4,324.2	+0.069%	$59K	$82K	10x	as long as short
Polymarket Perps GOLD-USD	+0.0216%	1h	4,324	+0.065%	$4.3M	$1.9M	20x	as long as short
Bitget XAUUSDT	+0.0218%	4h	4,323.7	+0.057%	$67.5M	$118.3M	100x	as long as short
HTX XAU-USDT	+0.0272%	4h	4,327.6	+0.149%	$3.0M	$5.4M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,325.2	+0.093%	$172.6M	$300.1M	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0305%	1h	4,322.9	+0.039%	$191K	$838K	25x	as long as short
Phemex XAUUSDT	+0.0329%	4h	4,326.5	+0.122%	$2.2M	$967K	100x	as long as short
BloFin XAU-USDT	+0.0341%	4h	4,324.6	+0.078%	$16.2M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.7	+0.058%	$252K	—	111x	as long as short